Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by muninn_ | Hacker News Reader

Full thread

muninn_·

Wow. That's a lot of money. And not good for competition.

View on HN

When i read yesterday about the merger i was pretty shocked that the FCC was allowing it to go through.

Yeah it's very surprising, it really does stifle competition and can only be a bad thing for consumers in the end.

None of the regulators have signed off on this yet. I'd expect heavy regulatory scrutiny, and the deal may well yet be scuttled as a result.

Why would they scuttle it? They'll give a few token concessions and continue to screw consumers. The only way to win in this game is to invest in these monopolies.

Look into why T-Mobile merger was cancelled: industry pushback.

"In April 2015, it was reported that the U.S. Department of Justice was preparing to file an antitrust lawsuit against Comcast and Time Warner in a bid to halt the merger, arguing that the merger would reduce the level of competition in the cable television and broadband internet industries. On April 24, 2015, Comcast officially announced that it had called off the merger."

https://en.wikipedia.org/wiki/Attempted_purchase_of_Time_War...

Completely different company - TW != TWC.

+1 I'm not sure if they're allowing this through for upper-tier competition.

Although when you have a deal this large, the law firms are bound to be well connected and will be pulling every string they have to push the deal through.

The consumer will be paying for this merger.

Reply on news.ycombinator.com